{"id":43362,"date":"2025-10-07T14:18:39","date_gmt":"2025-10-07T13:18:39","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=43362"},"modified":"2025-10-07T14:21:36","modified_gmt":"2025-10-07T13:21:36","slug":"wessex-internet-builds-rural-broadband-to-50k-uk-premises-as-revenues-rise","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2025\/10\/wessex-internet-builds-rural-broadband-to-50k-uk-premises-as-revenues-rise.html","title":{"rendered":"Wessex Internet Builds Rural Broadband to 50k UK Premises as Revenues Rise"},"content":{"rendered":"

Rural-focused broadband ISP and alternative network builder Wessex Internet<\/a>, which is deploying a mix of full fibre (FTTP<\/a>) and fixed wireless networks across Southern England, has today published their annual accounts to the end of 2024 and highlighted both their “best-in-class<\/em>” take-up of over 30% and a 20.5% rise in revenues to \u00a35.76m (2023: \u00a34.78m).<\/p>\n

The provider, which also holds several state aid backed Project Gigabit<\/strong> build contracts (valued at \u00a372m to deliver full fibre across over 53,000 properties by 2029), currently covers 50,000 premises (Oct 2025) across parts of Dorset, Hampshire, Wiltshire and Somerset (inc. 14,000 customers – Aug 2025). Existing deployment plans aim to expand this to 137,000 premises (here<\/a>).<\/p>\n

NOTE:<\/strong> Wessex Internet<\/a> is backed by abrdn<\/strong> and in late 2023 secured \u00a335m of extra funding (here<\/a>), then \u00a350m from the NWF in June 2025 (here<\/a>). The provider’s Project Gigabit contracts include \u2013 North Dorset (Lot 14.01 \u2013 7,100 premises, \u00a36m state aid), New Forest (Lot 27.01 \u2013 10,500 premises, \u00a314m), South Wiltshire (Lot 30 \u2013 14,500 premises, \u00a318.8m), Dorset and South Somerset (Lot 14 \u2013 21,400 premises, \u00a333.5m).<\/div>\n

Overall, the provider’s latest accounts<\/strong><\/a> could be said to be healthier or more stable than those of quite a few other altnets we’ve seen recently, and they also make a point of highlighting how they’re “up to date on all delivery milestones that fell during 2024 and to the date of these financial statements<\/em>“.<\/p>\n

Wessex Internet<\/a> also describes itself as being “fully funded until 2029<\/em>” and states that “take-up of our network is best-in-class; exceeding 30% overall and 50% in our most established networks<\/em>“. We’ve summarised some of their key figures below, although it should be noted that the comparison figures for 2023 actually reflect a 15-month period to the end of December 2023.<\/p>\n

Key Figures from Wessex Internet<\/a>’s Results (Dec 2024)<\/strong><\/span><\/p>\n

\u27a4 Revenues increased 20.5% to \u00a35.76m (2023: \u00a34.78m)<\/p>\n

\u27a4 Operating loss increased to \u00a37.84m (2023: \u00a35.43m)<\/p>\n

\u27a4 Total Homes Passed is listed as 50,000 premises<\/p>\n

\u27a4 Total Homes Connected increased by 50% during the year<\/p>\n

\u27a4 Gross profit remained fairly stable at \u00a33.62m (2023: \u00a33.68m)<\/p>\n

\u27a4 Total fixed assets worth \u00a364.84m (2023: \u00a339.49m)<\/p>\n

\u27a4 Net liabilities of -\u00a322.27m (2023: -\u00a310.12m)<\/p>\n

\u27a4 Average monthly number of employees (inc. Directors) for the year ended 2024 on 307 (includes a 180 strong construction team), which is up from 213<\/p>\n

\u27a4 Network investment increased by \u00a324.7m in the year (2023: \u00a322.6m)<\/p><\/blockquote>\n

The company currently has a \u00a368m debt facility with no capital repayments under 2029. Some \u00a328.4m of this has already been drawn, leaving \u00a339.6m available.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rural-focused broadband ISP and alternative network builder Wessex Internet, which is deploying a mix of full fibre (FTTP) and fixed wireless networks across Southern England, has today published their annual accounts to the end of 2024 and highlighted both their “best-in-class” take-up of over 30% and a 20.5% rise in revenues to \u00a35.76m (2023: \u00a34.78m).<\/p>\n","protected":false},"author":1,"featured_media":40418,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,56,34,950],"class_list":["post-43362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-fttp","tag-statistics","tag-wessex-internet"],"share_on_mastodon":{"url":"https:\/\/mastodon.social\/@ispreview\/115333085458548647","error":""},"yoast_head":"\nWessex Internet Builds Rural Broadband to 50k UK Premises as Revenues Rise - 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